The restaurant on wheels will be a new business idea in the UAE. Here the restaurant will

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Question:

The restaurant on wheels will be a new business idea in the UAE. Here the restaurant will be designed like a bus. Here the cooking will be done on the open side of the truck and on the other hand the customers will sit on the other side of the truck which will look like a bus. The menu will be posted outside of the truck; hence, there will be no need for the waiter. It will be a self-service restaurant, as it will also maintain spacing inside the truck. The bus structure of the restaurant will attract customers as it is going to travel all over the UAE. The food items will be simple and pocket friendly. Also, the items will be easy to make that it can provide sufficient services to the customers. The food items will include several street foods from different countries, which will be beneficial for food. The tables and chairs of the restaurant will be fixed with the walls of the truck that it could not move the whole traveling. This new idea will not only be beneficial for the company but also for the travelers who come from different countries to visit the UAE.

The financial plan for the company is based on three years of projection. The company estimates an operating expense of 3,21,596. The estimated cost for testing the business is 10,00,000 dollars. The fund will be raised through investment from the owners and from the family and friends of the owner. the business is projected to break even after 8 months into operation. The first four months will see a loss of 10% above the cost which will be recovered within the 8th month. The company is projected to see the project after a year into operation. the growth of the company in sales projected at a steady rate of 12% per month for the initial phase.

- Create a financial plan consisting of [Balance Sheet, Income Statement, Cash Flow].

1. Operating cost incurred is annual.

2. Total estimate cost of business of 10,00,000 is total cost for per 3 years.